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Sheepdog

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Re: shajandr post# 346377

Saturday, 03/23/2024 1:26:28 PM

Saturday, March 23, 2024 1:26:28 PM

Post# of 346500
There is no fixing stupid. This "conversion" will convince many that there actually was a reduction in equity.

A preferred share that is readily convertible into unrestricted commons is functionally identical to a common share EXCEPT it has preference over those common shares in the event of a restructuring or dividend distribution.....ie, it is more valuable.

My opinions are what I express in my posts....each and every one of them. BUT...I was wrong once and could be wrong again sometime so do your own research and don't blame me if you are too lazy to do so.

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